The HSBC Bank (UK) Pension Scheme ("the Scheme")

Make your pension work for you

You're a deferred hybrid member of the Scheme because you are a former employee who started before 1 July 1996 and left on or after 1 July 2015. This means that you have both a Defined Benefit (DB) pension and a Defined Contribution (DC) pension pot.

DC Fund factsheets

The latest quarterly DC Fund factsheets dated 31 December 2021 and the latest monthly flash report are now available in the Information Centre.

Tax-free cash video

As a hybrid member, you can choose whether you want to take your DB pension and DC pension pot together or separately. If you take them at the same time, you may be able to use your DC pension pot towards your overall tax-free cash lump sum. If you want to know more about how much tax-free cash you could take, there’s an easy way to estimate it. Why not watch this video today and find out more.

More things to consider

Advice and guidance  

If you need some more help to decide the investment option that is right for you, it's worth thinking about getting some advice from a regulated financial adviser. Using an adviser can be expensive, so make sure you’ve read all of the information available to you first. MoneyHelper offers free support on a wide range of financial matters, online and over the phone. Go to the pensions and retirement section at MoneyHelper.org.uk. You can also use this service to find a retirement financial adviser.

Make your pension work for you

Keeping an eye on your pension benefits can help you hit your desired income at your target retirement date. Visit My Pension to see what’s in your DC pension pot and how well those investments are performing. You’ll need your username and password to log in unless you're on the HSBC network and then you can click here.

 

From 30 May 2022 you will need to log in to Member Self Service (MSS) to see how much DB pension you accrued.

Announcements

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Latest financial result is now available… 

If you have defined benefits in the Scheme, you will want to know that they can be paid as and when they are due.

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Policy Statement from the Trustees on the Russian and Ukraine situation 

The Trustee of the HSBC Bank (UK) Pension Scheme has considered the current situation in the Ukraine and has taken investment and legal advice.

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Notice to Members – change to Trustee Board 

The Trustee Directors recently invited nominations from members of the HSBC Bank (UK) Pension Scheme (the Scheme) who were interested in becoming a Member-Nominated Director (MND) of HSBC Bank Pension Trust (UK) Limited, the Trustee of the Scheme.

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More about the Scheme

Check your pension

You can do this by visiting My Pension. You'll need your username and password to log in to My Pension. Don't know yours?. If you're on the HSBC network you can click here and you won't need your username and password.



From 30 May 2022 you will need to login to MSS to view details about your hybrid benefits. You will still have access to My Pension which will show the most up to date value for your DC pension pot. 

Are your contact details up to date?

It’s important to keep your contact details current. Visit My Pension to do this. You'll need your username and password unless you're within the HSBC network and then you can click here. From 30 May 2022 you will need to login to MSS to view and update your contact details.



If you're still an HSBC employee and have opted out of the pension scheme please also contact HR Direct to update your contact details.